NEWARK, Sept. 13, 2023 (GLOBE NEWSWIRE) — The global Wi-Fi 6 market is expected to grow from US$11.61 billion in 2021 to US$60.82 billion by 2030, at a CAGR of 18.01% during the forecast period 2022-2032. The global Wi-Fi 6 market has witnessed an expansion in download traffic due to the utilization of home and office Wi-Fi networks. The existing infrastructure is not qualified enough, coupled with increasing ease of access due to the increasing demand for smart devices and the increasing need for fast internet service by companies to monitor and manage systems in real time. Therefore, product innovations such as Wi-Fi 6 will likely provide the solution needed for multi-connectivity in a shorter period.
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Brainy Insights launched a study titled Wi-Fi 6 Market Size by Location Type (Outdoor & Indoor), Offering (Solutions, Services, Devices), Vertical (Government, Consumer Electronics, Education, Manufacturing, Healthcare), Regions, Global Industry Analysis, and Share , growth, trends, and forecasts from 2022 to 2030
Report scope and segmentation
|Market value in 2022||11.61 billion US dollars|
|Revenue forecast in 2032||60.82 billion US dollars|
|Covered sectors||Location type, width and vertical|
|Covered areas||Asia Pacific, Europe, South America, North America, Middle East and Africa.|
|Number of companies covered||TP-Link Technologies Co., Ltd., Samsung Electronics, Qualcomm Inc., NETGEAR Inc., Microsoft Corporation, Marvell Semiconductor Inc., KAONMEDIA Co., Ltd., Intel Corporation, Huawei Technologies Co., Ltd. Ltd., HP Enterprise, Fujitsu Co., Ltd., D-Link Corporation, Dell Inc., Cypress Semiconductor Corp., Cisco Systems, Inc., Broadcom Corp., Apple Inc.|
|Report coverage||Market growth drivers, restraints, opportunities, regional segmentation analysis, location type segment analysis, supply segment analysis, and vertical segment analysis|
Key findings for the Wi-Fi 6 market
The external sector dominated the market with a share of about 67.10% in 2022.
The site type sector is divided into external and internal. The external sector dominated the market with a share of about 67.10% in 2022.
The services sector dominated the market with a share of about 37.11% in 2022.
The supply segment is divided into solutions, services and devices. The services sector dominated the market with a share of about 37.11% in 2022. Fifth generation services will be the direct way to transfer data. 5G support can indirectly affect the technical need for Wi-Fi 6 and its connectivity with smart devices.
The consumer electronics sector dominated the market with a share of about 29.11% in 2022.
The vertical sector is divided into government, consumer electronics education, manufacturing, and healthcare. The consumer electronics segment dominated the market with a share of around 29.11% in 2022. The increasing penetration of smart devices such as Siri, Google Home, Alexa, etc. has achieved huge popularity in the consumer electronics markets, leading to growth in the smart electronics segment. Control through Wi-Fi operations.
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Regional segmentation analysis:
The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, Middle East and Africa. The Asia Pacific region is expected to be the largest market during the forecast period. The Asia Pacific region is the fastest growing Wi-Fi 6 market due to increasing reliance on high investments in digital transformation, latest technologies, rapid development of local companies, massive expansion of infrastructure, and increasing GDP in various countries. Fast-growing economies, such as Japan, Singapore, China and India, are implementing Wi-Fi 6 solutions in the coming years.
The major players in the market include TP-Link Technologies Co., Ltd., Samsung Electronics, Qualcomm Inc., NETGEAR Inc., Microsoft Corporation, Marvell Semiconductor Inc., KAONMEDIA Co., Ltd., Intel Corporation, and Huawei Technologies Co. Ltd., HP Enterprise, Fujitsu Ltd., D-Link Corporation, Dell Inc., Cypress Semiconductor Corp, Cisco Systems, Inc., Broadcom Corp., Apple Inc., and others.
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About the report:
The global breakfast cereals market is analyzed on the basis of value (US$ billion). All sectors were analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report provides an in-depth analysis of the drivers, opportunities, restraints and challenges to gain critical insight into the market. The study includes Porter’s five forces model, gravity analysis, raw materials analysis, supply and demand analysis, competitor location network analysis, distribution, and marketing channel analysis.
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